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Utility Probabilistic Risk Assessment in Real Time

Technical and Financial Aspects – The Business Case

Due to the storm, this workshop has been canceled for March 7 and 8. It will be rescheduled as a webinar at a later date. Information to follow shortly. Thank you.


We invite utility operational strategy staff to the workshop on Utility Probabilistic Risk Assessment in Real Time at BNL. Electric utilities and grid operators face major issues from an accelerated evolution of grids towards an extensive integration of variable renewable energy sources and smart grid configurations, while also aiming at minimum costs of operation. Probabilistic risk assessment (PRA) will be challenged to be the proper method for real business cases in utility operational and planning activities.

Overview and Topics

The event will be organized to allow networking between presentations, providing ample opportunities to debate new approaches to overcome some of the challenges we face today. The main topics will be:

  • Needs of system operators/planners of real-time probabilistic risk optimization.
  • State-of-the-art in probabilistic studies for electric networks with application cases.
  • Optimization tools and methods, including both technical and financial aspects.
  • Sample applications of probabilistic methodologies in other asset-intensive sectors.
  • Infrastructures, data, technology status and development needs.
  • Planning for leveraging new IT and Smart Grid infrastructures, and high power computing.

Special Evening Event

Registered attendees are invited to attend the optional Welcome Reception following the workshop on Thursday, March 7, 2013. Location to be determined.

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Last Modified: December 27, 2017